by Saad | Mar 8, 2023 | Uncategorized
The IRS is the country’s largest and most powerful collection agency, empowered by Congress to take whatever actions are necessary to collect taxes owed to the federal government. Such broad authority can easily instill fear among those unfamiliar with the...
by Saad | Mar 7, 2023 | Uncategorized
Deductions and credits are two methods for reducing your tax liability. Learn the critical distinction between these two methods of lowering your tax bill and how to take advantage of every tax benefit available to you. What is Tax Credit? A tax credit is a monetary...
by Saad | Mar 6, 2023 | Uncategorized
Nobody wants to get a tax bill. However, you’ll want to know your payment alternatives if you do owe money in taxes. Here’s how to pay your taxes and choose your best choice. The Importance of Paying Tax on Time It is critical to pay taxes on time for...
by Saad | Mar 5, 2023 | Uncategorized
Many individuals are concerned about the risk of being audited by the IRS. A tax audit assesses a company’s or individual’s tax return to ensure that financial information is appropriately recorded. What are Tax Audits? A tax audit is a procedure in which...
by Saad | Mar 4, 2023 | Uncategorized
From the perspective of the IRS, unfiled tax returns are a serious infraction that can lead to growing debt as back taxes and fines pile up. The IRS will only stop collecting once all unfiled tax returns have been filed and all money owed has been paid. The IRS may...
by Saad | Mar 3, 2023 | Uncategorized
Kudos on successfully negotiating an installment agreement with the IRS! You no longer have to keep an eye out for threatening letters, property liens, or visits from revenue officers. Depending on your circumstances and the amount owed, the difficult part may be over...
